Creating peace of mind through honest and committed management.

September 7, 2015
REIT Issuer
Ichigo Office REIT Investment Corporation (8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Hiroto Tajitsu, Statutory Executive Officer, Head of Administration
Tel: 03-3502-4891

Partial Amendment to Management Guidelines ofAsset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd. (“IRE”), the asset management company ofIchigo Office REIT, decided today to partially amend its Management Guidelines.
1. Reasons for Change
Ichigo Office REIT approved a resolution at its shareholder meeting on September 5, 2015 toamend its Articles of Incorporation to change Ichigo REIT’s asset management fee structure toalign it more closely with positive shareholder outcomes by linking it directly to dividends paid
to shareholders (Management Fee II).
To this effect, a partial amendment to IRE’s Management Guidelines has also been made toclarify policy in relation to the issuance of new shares.
2. Effective Date
September 7, 2015
3. Details of Amendment to the Management Guidelines
Please see the following page for details.

Disclaimer: This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shallprevail. This document is an English translation of a press release for public announcement regarding Partial Amendment to Management Guidelines of the AssetManagement Company by Ichigo Office REIT Investment Corporation, and has not been prepared for the purpose of solicitation of investment. We cautioninvestors to refer to the Investment Corporation's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own
decision and responsibility.

1(Amendments are underlined)
Before Amendment
Article 13 Financing Policy

After Amendment
Article 13 Financing Policy

1.

(no change)

1.

(no change)

2.

In issuing new shares, the following will betaken into consideration: the ratio of totalborrowings (loans and bonds) against total
assets (LTV); future asset acquisition plans;and share dilution.

2. In issuing new shares, the following will betaken into consideration: the ratio of totalborrowings (loans and bonds) against total
assets (LTV); future asset acquisition plans;and share dilution (taking into account theimpact of new share issuance on net assets per
share and dividends per share).

Website of Ichigo Office REIT*: www.ichigo-office.co.jp/english*The website URL has changed as a result of the name change to Ichigo Office REIT on
September 5, 2015.

Disclaimer: This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shallprevail. This document is an English translation of a press release for public announcement regarding Partial Amendment to Management Guidelines of the AssetManagement Company by Ichigo Office REIT Investment Corporation, and has not been prepared for the purpose of solicitation of investment. We caution
investors to refer to the Investment Corporation's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own
decision and responsibility.

2